the question is what comes after the election. if you get a very divisive outcome, the risks of this -- ironically, one way they might want to consider doing that is lowering allocations to stocks and bonds in the u.s. and increasing international exposure. liz: international exposure. that's something people can do without waiting. you believe that no matter who becomes president, people's money can really grow? >> yes. one of the things people should keep in mind is that they have done very well the last few years. the u.s. has outperformed for good reason. we are shifting to an environment where the u.s. may be a bigger source of rest. in addition, they are not that cheap against other markets. we like northern europe, we'd like asia, we buy commercial markets. liz: we have brazil on a couple of these funds. why brazil? >> brazil is an interesting play. the stocks are very cheap. they trade for about less than 10 times earnings, and one of the things we like about it is the real evidence of structural reform. we see monetary po